Articles
Selected category: Mortgages
The first-time homebuyer's credit has been extended until the end of April 2010. But what will it mean for the real estate market overall?
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Five Tips for Raising Your Credit Score
Your credit score is the best way a bank can tell if you are worthy of a loan or credit. There are several things you can do to maintain a decent and respectable credit score.
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Five Ways to Save Money for Your Down Payment
Waiting for the best mortgage rates before buying a home can be a good idea. But how can you be ready with that down payment when the mortgage rates are at a low?
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Four Ways to Pay Off Your Mortgage Sooner
Paying off your mortgage sooner than scheduled is an ideal way to lift a financial burden off of your shoulders. Just be sure to do it the right way!
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Tips for Refinancing Your Upside-Down Mortgage
Upside-down mortgages are becoming more and more common due these days due to the recent problems in the mortgage industry. It may be more difficult to refinance an upside-down mortgage, but it is not impossible.
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How to Purchase Bank-Owned Homes and Properties
Have you been wanting to cash in on the latest mortgage crisis? If you know how to buy one of the many bank-owned homes and properties on the market, you can make a killing!
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Five Facts about Reverse Mortgages
There are many myths and misconceptions going around the mortgage industry about reverse mortgages. Here are five important things you should know about them when deciding if one is right for you.
Read →30-year fixed mortgage rates dropped from 5.14 to 5.09% this past week according to the Freddie Mac Weekly Mortgage Survey.
Read →The average rate on a 30-year fixed mortgage rose to 5.14% this week according to data from Freddie Mac. That's higher than the 5.10% rate at this time last year.
Read →The rate of decline has declined, but it has still declined. Or, put another way, housing prices are still declining on a year-to-year basis, but that rate of decline has slowed.
Read →Savings rates stayed steady at 1.57% APY last week. 1-year CD rates also stayed flat at 1.96% APY. This marks the first time in months that both savings and 1-year CD rates have not dropped. What's even more interesting, is that they held while 3-year and 5-year rates dropped considerably. Three-year rates dropped by 8 basis points from 2.72% APY to 2.64% APY while 5-year CDs dropped from 3.26% APY to 3.21% APY.
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Mortgage Rates Are Low But For Many Refinancing Is Impossible
There have been some changes on the Mortgage front so take a look here at some new legislation in the works. See what side you are on in this heated debate.
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